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featured Finance

Naira depreciates to ₦1,388/$ amid fresh pressure

The Naira faced renewed pressure in the foreign exchange market today, March 24, 2026, as increased demand for the United States Dollar triggered a noticeable depreciation across both the official and parallel market segments. Data from the Nigerian Foreign Exchange Market indicates that the Naira weakened by approximately 2.48 percent during the early hours of […]

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Tech

Namibia blocks Starlink entry over ownership rules

Namibia on Monday rejected a request by billionaire Elon Musk’s Starlink to operate its satellite internet services in the country, marking the company’s second setback in southern Africa. The Communications Regulatory Authority of Namibia said Starlink submitted its application through its local unit, Starlink Internet Services Namibia Limited, according to a government gazette. Starlink delivers […]

Tech

Apple plans to introduce ads in maps app

Apple is reportedly planning to introduce ads in the Apple Maps app. An announcement could come as early as this month, with the ads expected to roll out to iPhones by summer, according to Bloomberg. The system would likely function similarly to ads on Google Maps and Yelp, allowing businesses and brands to bid for […]

Air Peace suspends flights over NiMet strike, cites safety concerns
Aviation

Air Peace rejects Lagos govt tax evasion allegations

Nigeria’s largest airline, Air Peace, has dismissed reports alleging that its Chairman and Chief Executive Officer, Allen Onyema, and Vice Chairman, Alice Onyema, are facing a tax evasion suit filed by the Lagos State Government. The airline, in a statement issued on Monday, described the claims as surprising and unsubstantiated. It noted that neither the […]

featured Oil and Gas

Iran denies US talks, accuses Trump of oil market manipulation

Iran has firmly denied engaging in any negotiations with the United States. This directly contradicts claims by US President Donald Trump that both nations recently held productive conversations. In a statement issued on Monday, Iran’s foreign ministry insisted that no discussions are taking place between Tehran and Washington. It dismissed Trump’s remarks as a strategic […]

Business

FG unveils PenCom governing board in Abuja

The Federal Government on Monday inaugurated the Governing Board of the National Pension Commission weeks after the Nigerian Labour Congress made the request to PenCom Director-General, Ms. Omolola Oloworaran. The inauguration ceremony, held in Abuja, was overseen by the Secretary to the Government of the Federation, Senator George Akume. It was earlier reported that during […]

Agribusiness

Farmers accessed ₦3.4trn credit in 2025 – FG

The federal government has revealed that farmers in Nigeria accessed credit schemes totaling N3.4 trillion in 2025 to enhance food production. Minister of Agriculture and Food Security, Abubakar Kyari, who did not specify the number of farmers involved, stated that this amount represents less than four per cent of agriculture’s contribution to the country’s GDP. […]

Business

DisCos back power supply to Togo amid domestic shortages

The Chief Executive Officer of the Association of Nigerian Electricity Distributors, Sunday Oduntan, has defended Nigeria’s continued electricity supply to Togo despite ongoing domestic shortages. Oduntan explained that the supply is based on an existing bilateral agreement with the neighbouring country, stressing that the deal must be honoured. He made this known during an interview […]

Business

Oil Prices fall as Trump pauses strikes on Iran

Oil prices dropped sharply on Monday after President Donald Trump said the U.S. and Iran held productive talks, prompting him to pause planned strikes on the country’s key energy infrastructure. Brent crude fell more than 6 per cent to $105.09 per barrel after rising above $112 on Friday, while West Texas Intermediate futures declined nearly […]

News

Trump orders five-day ceasefire on Iran energy sites amid talks

United States President Donald Trump announced on Monday that he had ordered a halt to threatened military strikes on Iranian energy infrastructure following productive discussions with Tehran. The announcement came amid an ongoing conflict in the Middle East, now in its fourth week, which has involved tensions over the Strait of Hormuz and attacks on […]

Maritime

Iran defies Trump Hormuz reopening order, threatens gulf mines

Iran threatened on Monday to deploy naval mines in the Gulf and target power plants across the region in defiance of United States President Donald Trump’s ultimatum demanding that the Islamic republic reopen the Strait of Hormuz. The escalated rhetoric followed warnings that the world faces an energy crisis more severe than the combined impact […]